Last week, Billboard reported Jimmy Iovine, the person who sold Beats to Apple in 2014,
was set to leave Apple in August. Well, Iovine says that’s not true, Variety reports.
In a conversation with Variety, Iovine noted that there’s more Apple Music and Beats
would like to do, saying he’s “committed to doing whatever Eddy [Cue], Tim [Cook] and Apple” need him
to do to “take this all the way.” He added, “I am in the band.”
There was some speculation, per Billboard, that an August departure would have been timed with Iovine’s
shares fully vesting. But Iovine said his “stock vested a long time ago.” He later elaborated in an interview
following a screening of “The Defiant One” that “there is a tiny portion of stock that vests in August,
but that’s not what I think about,” he said.
The bottom line for Iovine is that he’s “loyal to the guys at Apple,” he said. “I love Apple, and I really love musicians.”